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3702 E Lake St
Minneapolis, MN 55406
Office Property For Sale
Executive Summary
Invest in the ideal office building with this prime opportunity at 3702 E Lake St, Minneapolis. Boasting a 10,050 SF building, this property, built in 1957, offers two units within a CM2-zoned space. The strategic location provides convenient access to Minneapolis area amenities and businesses. With its timeless design and versatile layout, this property is perfectly suited for office or mixed-use investment, offering potential for lucrative returns. Seize this chance to secure a valuable piece of commercial real estate in a sought-after location.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,145 SF
Building Class
C
Year Built
1957
Price
$1,250,000
Price Per SF
$203.42
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,072 SF
Slab To Slab
11’
Building FAR
0.60
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
OR2 - Located on the north side of Lake Street at the corner of 37th Avenue South & Lake. Prime visibility and signage on building.
Parking
15 Spaces (2.44 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 31-029-23-34-0100 | Improvements Assessment | $235,500 |
| Land Assessment | $39,700 | Total Assessment | $275,200 |
Property Taxes
Parcel Number
31-029-23-34-0100
Land Assessment
$39,700
Improvements Assessment
$235,500
Total Assessment
$275,200
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